CFMA: Talent Pipelining

Contractors will face continually worsening talent shortages through 2030.

D. Brown Management Profile Picture
Share

Those that want to continue sustainable growth must manage every aspect of their talent management processes with the same rigor they would manage a fast-track project with $100K per day in liquidated damages.

The Construction Talent War - Talent Pipelining.

On November 15th, Katie McConnell and David Brown kicked-off the first of a three-part series focused on talent.   

  1. Diagnosing the Biggest Talent Bottlenecks for CFMA Sacramento Members
  1. Fixing Your Biggest Talent Bottlenecks
  1. Building Benefit Packages and Perks Beyond Compensation for a Competitive Advantage 

A few interesting takeaways from the first session were:

  • When asked what their hiring challenges were, nearly 100% of the audience cited external market factors, which included the shortage of talent. To begin solving the problem, we must first start looking inwardly at the areas they can control and, more specifically, those that matter
  • Of the 83% of people who stated their challenge was not enough qualified talent, 50% of those also rated their Talent Pipelining process as effective (an ‘A’ or ‘B’). This is a little bit like stating your sales process is effective but not achieving the sales you want.  

The next step in solving a problem is to recognize that we may be looking at our internal processes and capabilities with more rose-colored glasses than we think. We actually may not even know what we don’t know. 




Evolution of Project Delivery Methods
Project delivery methods for contractors will become increasingly more integrated from project owner through all key parts of the supply chain, which is a return to models used in the early 1900s with some modernization improvements.
Lean Principle - Pulling vs. Pushing and the Four Most Powerful Words for Improving Productivity
“What do you need?” are the four most powerful words for improving productivity, developing a team, and building engagement. "Pull-Planning" can be used way beyond building a project. The principle is the foundation for many aspects of life and business.
Scoreboards & Scorecards: Talent Development + Business Results
Once someone understands the basics of the task to be done, nothing will improve performance faster than actionable and timely feedback. People align around common scoreboards (think sports) while more detailed scorecards guide decisions and development.